Philippine President-Elect Estrada
Unlikely to Launch Costly Reforms

MANILA, Philippines -- The worst fears about a Joseph Estrada presidency may already have dissipated, but so, too, have the highest expectations.

Mr. Estrada won't be sworn in until June 30, but he's already filled most of his cabinet and other senior positions since last month's election. That line-up, together with conversations with him and his closest advisers and a continuous stream of press statements, offers a fairly detailed sketch of the new administration's policies.